The name "teddy bear" comes from former United States President Theodore Roosevelt, who was often referred to as “Teddy”. The name originated from an incident on a bear hunting trip in Mississippi in November 1902. The former president refused to shot the bear cub and the incident became a political satire cartoon by by Clifford Berryman in The Washington Post on November 16, 1902. While the initial cartoon of an adult black bear lassoed by a handler and a disgusted Roosevelt had symbolic overtones, later issues of that and other Berryman cartoons made the bear smaller and cuter.

Morris Michtom saw the drawing of Roosevelt and was inspired to create a teddy bear. He created a tiny soft bear cub and put it in his candy shop window at 404 Tompkins Avenue in Brooklyn with a sign "Teddy's bear.” on 15 February 1903. After sending a bear to Roosevelt and receiving permission to use his name, he began to produce them commercially to great demand. The toys were an immediate success and Michtom founded the Ideal Novelty and Toy Co.

While Murray and all other teddy bears are completely unaware of this back story, it's the fluff for brains you see, they are all proud of being teddy bears.